Post
Topic
Board Bitcoin Discussion
Re: When Bitcoin will become stable currency?
by
Razmirraz
on 25/05/2023, 13:55:12 UTC

The problem is, in order for Bitcoin to become a currency everyone will use, it should be stable. I know that you might say that people will still use it because it's not about stability, it's about freedom and technology. I agree with that, but Bitcoin needs to be stable in order for people to treat it like money, and not like an asset.
One of the reasons why Bitcoin is not yet stable is because Central Banks and most countries around the world do not yet support Bitcoin as an alternative currency. As you can see what always happens in the Bitcoin market, every time an investor enters the market the graph goes up immediately because it creates a huge wave in the Bitcoin price. If the demand decreases, it will affect the chart and it will drop immediately. The price of Bitcoin will be stable and nothing will affect the market when the market starts to develop which is supported by the state and central bank. imo